---
ticker: INCY
company: Incyte Corp
exchange: NASDAQ
direction: long
conviction: low
entry_date: 2026-07-27
entry_price: 116
currency: USD
benchmark_at_entry: 7480.57
view: Long. Strong financials, profitability, and momentum at a fair price.
logo: incy.svg
---

- Financial strength 10/10, strong cash-to debt, debt-to-equity and WACC vs ROIC, vs peers and history
- Profitability 10/10, strong margins and ROE/ROA/ROIC vs peers and history. Only concern is gross margin vs history.
- Growth 7/10, strong EBITDA growth rate coupled with average FCF growth rate. Future 3-5Y total revenue growth rate estimate at 7.9% is poor vs peers.
- Momentum 9/10, RSI suggests fair price with strong 3-1 and 6-1 Month Momentum %.
- Value 6/10, presents strong value vs history on most metrics, with average value vs industry across the board.
- Dividend and buy back 9/10, very high average 3Y share buyback ratio at 3.8% and growing. Shareholder yield is good vs peers but lacking vs history.